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20130119
20130119
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MSNBC
Jan 19, 2013 12:00pm EST
address in the imminent future is the debt ceiling. we can't afford to do anything to rock the boat of our economy any other way. it's just time for us to really move. >> you're close to congress. how can the president work to pass this american jobs act through a gop-controlled congress? >> i don't know. i think that it's time to put politics aside. i know it sounds funny when you talk about capitol hill. but we really are in a situation where the thing that is green should be ruling. we have to get on the same page it's not about red or blue or politics. it really is about what's best for the american economy at this point. >> it doesn't sound funny at all because you hear it all the time. if you look at the statistics and the numbers of people who think congress is doing a good job, you might think they'd paid a little bit more attention to what you're saying. what about the congressional black caucus in terms of their analysis of the president's first term? are you happy and satisfied with the work he's done? >> i think the members of congress that i was just working for are very happy
MSNBC
Jan 19, 2013 9:00am PST
in his inaugural speech on monday. >> before these big fights on fiscal cliff and debt ceiling, the poverty the expanding. 50 million americans are in poverty. 20 million unemployed. and racial disparity keeps growing, plus this impact of violence. those issues must be confronted in the second go-round. >> joining me now is angela rye, outgoing director of the congressional black caucus. welcome, angela. >> thank you. >> we're listening to jesse jackson. do you think the point that he brought up means that the president has or has not adequately addressed the issue of poverty over the last four years? >> i think he's had a tough haul. when the congress changed a couple of years ago, you have a situation where folks are not willing to work with him. we saw the rise of the tea party and folks who just were not willing to cooperate. the president has done a lot of really good work, put forth a lot of good proposals, including the american jobs act, for one, which was not even considered. in fact, the congressional black caucus had nine proposals and recommendations which were all inclu
CSPAN
Jan 19, 2013 11:05am EST
in the context of the debt ceiling. >> do you believe that the fed should actively prevent future ?sset bubbles wha >> they're difficult to anticipate. we can do some things. we can try to strengthen our financial system. because the commission earlier, by increasing the amount of capital and liquidity, improving supervision of those banks, making sure every important financial institution is supervised by somebody. you make the system stronger, then a bubble or some other financial problem emerges, the system will be better able to be more resilient. you can try to identify bubbles. the rest and a lot of research on that. -- there's been a lot of research on that. the financial stability oversight council is made up of 10 regulators and chaired by the secretary of the treasury. one of whose responsibilities is to monitor the financial system, as the fed does, and tried to identify problems -- tried to identify problems that emerged. you're not going to identify every possible problem for sure. you can do your best and try to make sure the system is strong. when you identify probl
CSPAN
Jan 19, 2013 10:00am EST
to raise the debt ceiling to avoid a situation where our government does not pay its bills. >> and number of people have expressed concern about how much of the chill news were addressed in the deal. it went part way, but it leaves a number of issues still on the table and negotiations are looming. would you characterize that as an additional cliff that is facing us? or is it not as concerned as it was when you raised that term initially? >> as i said, the fiscal kloof, if allowed -- the fiscal clef, if allowed to take place, would probably create a recession this year. a good part of that has been addressed. but nevertheless, we have a set of a restrictive fiscal policies now. federal fiscal policy will subtract from real gdp growth something on the order of one% to 1.5% this year. it is quite a drag on the economy. there is more work to do. let me be clear about that. it will be a long haul. it will not happen overnight. basically because the government budget represents the values and priorities of the public and decisions being made about what to spend on, what to tax and so on are difficult and contentious decisions and will take some time to address. >> those issue
Search Results 0 to 3 of about 4